People's Pilot, Volume 5, Number 23, Rensselaer, Jasper County, 5 December 1895 — NO LAW FOR IT. [ARTICLE]

NO LAW FOR IT.

The greenbacks cost the government something in the necessity for keeping gold on hand for their redemption. — GlobeDemocrat. Nov. 20. We defy the Globe-Democrat and the whole gold bug crew, to show a single word of law requiring the government to keep $100,000,000 in gold, or any other sum, on hand with which to redeem the greenbacks. This is done, simply at the demand of New York and London. Whatever it costs the people to do it is a tribute paid to the gold gamblers, and it is the price we pay for the perfidy of our rulers. The greenbacks would be just as good money, and the business and labor of the country would just as gladly use them, if there was not a dollar in gold in the United States treasury, just as the soldiers did when they were fighting for a government for those ghouls to plunder. There was no gold held then for the redemption of the greenbacks, and they were just as good then as now—they were better, for the mildew of the gold trust had not yet struck them, and they gave the laborer work and the merchant trade, and everybody fair prices What mattered it to the people if a dollar in greenbacks would not buy 25.8 grains of gold? The masses of the people did not wish to buy gold —let those who did, pay for it. —Progressive Farmer.